Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 81.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,488 shares of the company’s stock after selling 152,294 shares during the quarter. Raymond James & Associates’ holdings in Hasbro were worth $1,761,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HAS. Morgan Stanley grew its position in Hasbro by 232.3% in the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after acquiring an additional 2,541,129 shares in the last quarter. State Street Corp grew its position in Hasbro by 35.8% in the first quarter. State Street Corp now owns 6,888,597 shares of the company’s stock valued at $369,849,000 after acquiring an additional 1,814,972 shares in the last quarter. Bank of New York Mellon Corp grew its position in Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after acquiring an additional 1,423,517 shares in the last quarter. Norges Bank acquired a new stake in Hasbro in the fourth quarter valued at approximately $83,133,000. Finally, Ameriprise Financial Inc. grew its position in Hasbro by 176.0% in the third quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after acquiring an additional 836,474 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $54.82 on Thursday. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The business’s fifty day moving average price is $53.21 and its 200 day moving average price is $51.18. The stock has a market capitalization of $7.61 billion, a PE ratio of -5.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $1.31 earnings per share. Hasbro’s quarterly revenue was down 23.2% on a year-over-year basis. Equities research analysts forecast that Hasbro, Inc. will post 3.24 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -26.12%.

Analyst Ratings Changes

HAS has been the subject of several recent research reports. Roth Mkm increased their price objective on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their target price on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Monday. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Finally, DA Davidson reiterated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.90.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.